JB Hunt Trans Stock Price, News & Analysis

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) will have key executives present at upcoming conferences: Citi's Global Industrial Tech and Mobility Conference on February 22 at 12:10 p.m. EST and Barclays Industrial Select Conference on February 23 at 10:55 a.m. EST. Investors can watch the live presentations via the company's Newsroom. A replay will also be available on J.B. Hunt's website post-event. The company emphasizes that actual results may vary from forward-looking statements due to unforeseen risks.

J.B. Hunt Transport Services (NASDAQ: JBHT) announced the acquisition of Zenith Freight Lines, a subsidiary of Bassett Furniture Industries (NASDAQ: BSET), for approximately $87 million. This deal enhances J.B. Hunt's furniture delivery capabilities and supports its Final Mile Services segment. Zenith generated $87 million in revenue in the fiscal year ending November 2021, with Bassett accounting for one-third of its business. The acquisition is expected to close by February 28, 2022, subject to customary conditions.

J.B. Hunt Transport Services declared a quarterly dividend of $0.40 per share, reflecting a 33% increase from the previous dividend amount. This dividend is scheduled for payment on February 18, 2022 to shareholders on record as of February 4, 2022. J.B. Hunt, a prominent player in North America's supply chain solutions, continues to demonstrate its commitment to returning value to shareholders through this dividend increase.

J.B. Hunt Transport Services (NASDAQ: JBHT) reported strong financial results for Q4 2021, achieving revenue of $3.50 billion (up 28%) and operating income of $322.5 million (up 55%). The diluted EPS reached $2.28, a 58% increase from $1.44 in Q4 2020. For the full year, revenue was $12.17 billion (up 26%) with an annual EPS of $7.14, compared to $4.74 in 2020. Key segments, including Truckload and Integrated Capacity Solutions, drove this growth. Total freight transactions in the J.B. Hunt 360 Marketplace increased by 27% to $593 million.

J.B. Hunt Transport Services has announced a long-term strategic alliance with Waymo Via to integrate autonomous driving technology in transportation and logistics. This partnership aims to enhance efficiency in North America's transportation network, with plans to implement fully autonomous transport in Texas over the next few years. The collaboration will involve multiple pilot programs, building on successful initial trials, and explore digital marketplace solutions through J.B. Hunt 360°, which processed 1.2 million loads in 2020.

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) plans to release its fourth quarter 2021 earnings after market close on January 18, 2022. A conference call will follow from 4:00-5:00 p.m. CT to discuss results and address questions from investors. Participants can join by calling 1-833-360-0810 (domestic) or 470-495-0976 (international) with conference ID: 8876825. This announcement may include forward-looking statements; actual results could vary due to various factors. More information is available at www.jbhunt.com.

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) announced it is distributing nearly $10 million in appreciation bonuses to its drivers, maintenance technicians, and hourly employees. CEO John Roberts praised employees for their efforts in meeting customer needs. Earlier this year, the company celebrated its 60th anniversary and recognized 116 drivers for achieving up to 5 million safe miles, awarding over $1.6 million in bonuses. J.B. Hunt continues to focus on innovation and efficiency in its transportation network across North America.

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) participated in the Wreaths Across America event for the eighth consecutive year, delivering wreaths to honor fallen veterans. This year, 75 company drivers transported 32 loads of wreaths nationwide using 11 custom military-wrapped tractors. The delivery includes cemeteries like Abraham Lincoln National Cemetery and Dallas-Fort Worth National Cemetery. The company emphasizes its commitment to veterans, with all participating drivers being veterans or closely connected to military service. The wreath-laying ceremony is scheduled for December 18.